Clearline Capital LP lifted its holdings in shares of Talen Energy Corporation (NASDAQ:TLN – Free Report) by 394.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,827 shares of the utilities provider’s stock after buying an additional 106,778 shares during the quarter. Talen Energy makes up approximately 2.5% of Clearline Capital LP’s investment portfolio, making the stock its 3rd largest position. Clearline Capital LP owned approximately 0.29% of Talen Energy worth $50,164,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TLN. Amundi acquired a new stake in shares of Talen Energy in the first quarter valued at about $299,000. AQR Capital Management LLC purchased a new position in Talen Energy in the 1st quarter valued at about $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Talen Energy by 11.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock valued at $1,454,000 after buying an additional 761 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Talen Energy by 17,400.0% in the 1st quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after buying an additional 870 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Talen Energy by 15.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock worth $9,794,000 after buying an additional 6,498 shares during the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.
Talen Energy Stock Performance
NASDAQ TLN opened at $409.81 on Thursday. The stock has a fifty day simple moving average of $361.45 and a 200-day simple moving average of $358.45. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 6.32. The stock has a market cap of $18.61 billion, a PE ratio of -611.65 and a beta of 1.80. Talen Energy Corporation has a twelve month low of $255.50 and a twelve month high of $451.28.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on TLN
Insider Buying and Selling at Talen Energy
In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $380.00, for a total transaction of $988,000.00. Following the completion of the sale, the director directly owned 2,606 shares in the company, valued at $990,280. This trade represents a 49.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is currently owned by corporate insiders.
Talen Energy Company Profile
Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.
Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).
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